Shares of Norwegian Cruise Line dropped Friday after the cruise operator unveiled a follow-on stock sale as it aims to resume voyages amid the coronavirus pandemic. Norwegian shares at last check were down 16% to $37.50, its largest decline since June 2020, according to Bloomberg.
Shares of S&P Global Inc. advanced 2.13% to $334.52 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.95% to 3,841.94 and the Dow Jones Industrial Average rising 1.85% to 31,496.30. This was the stock's second consecutive day of gains.
Fulgent Genetics shares were higher on Friday after the provider of large-scale COVID-19 testing services, beat Wall Street's fourth-quarter earnings expectations. Shares of the Temple City, Calif., company at last check were rising 1.7% to $87. Fulgent Genetics swung to adjusted earnings of $6.20 a share from a loss of 4 cents in the year-earlier period.
Purple Innovations shares slumped on Thursday after the furnishings and fixtures maker missed Wall Street fourth-quarter earnings expectations. Shares of the Lehi, Utah, company at last check were down 32.6% at $24.36. Purple Innovations reported a net loss of $2.1 million. narrowed from a loss of $12.7 million in the year-earlier quarter.
Gold futures declined Friday morning, and were set for a third straight drop as bullion lost its perch at $1,700, amid a rise in the U.S. dollar to three month highs and a rise in U.S. Treasury yields.
By Allison Prang Broadcom Inc.'s net revenue rose by a double-digit percentage in the company's first quarter in particular lifted by its semiconductor segment. Net revenue at the company increased 14% from a year earlier to $6.66 billion, and was above the analyst consensus from FactSet of $6.62 billion.
Hibbett Sports Inc. said Friday it had net income of $23.9 million, or $1.39 a share, in its fiscal fourth quarter to Jan. 30, up from $6.0 million, or 34 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.40, ahead of the $1.37 FactSet consensus.
Shares of Big Lots Inc. rallied 4.1% in premarket trading Friday, after the discount retailer reported a fiscal fourth-quarter profit that beat expectations and same-store sales that missed, amid a weaker-than-expected December, but provided an upbeat first-quarter outlook. Net income for the quarter to Jan.
Shares of S&P Global Inc. inched 0.31% higher to $327.54 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.34% to 3,768.47 and Dow Jones Industrial Average falling 1.11% to 30,924.14. The stock's rise snapped a two-day losing streak.
The stock market is in the middle of a big pullback for technology stocks, which had been flying high for almost a year until the Nasdaq-100 Index rose to a record Feb. 16. But this "risk-off" period may turn out to be a short one.
NORWALK, Conn. and SHANGHAI, China and HONG KONG, March 04, 2021 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS) (NASDAQ: FDS), a global provider of integrated financial information and analytical applications, and Ping An Insurance (Group) Company of China, Ltd.
NORWALK, Conn., March 04, 2021 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS | NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced that it will release its financial and operating results for the second quarter fiscal 2021, ending February 28, 2021, on Tuesday, March 30, 2021.
Kroger shares on Thursday advanced after the country's biggest grocery chain reported fiscal-fourth-quarter adjusted profit and a full-year profit outlook that beat Wall Street estimates. Shares of the Cincinnati company at last check rose 2.8% to $34.17. In late January the stock touched a 52-week high just under $43.
NEW YORK - The freefall for corporate profits because of the pandemic is over, at least for now. The last few companies are letting their investors know how much profit they made during the last three months of 2020, and if the trend holds, they'll likely blow past expectations.
Snowflake shares fell about 4% in extended trading on Wednesday after the data analytics software company gave full-year guidance that met but did not exceed analysts' estimates. The stock had already dropped about 9% during regular trading Wednesday, amid a broad sell-off in tech stocks.
Okta , an identity-verification specialist said it was acquiring Auth0, a rival in the industry, for $6.5 billion of stock Wednesday after the bell. The move, coupled with a weaker-than-expected outlook, sent shares lower in after-hours trading. At last check, Okta shares were off 11% at $215.70.
Casino stocks are on a hot streak. Las Vegas Sands, Caesars, MGM and Wynn have outperformed the market this year, benefiting from a rotation into stocks tied to a reopening economy. The four also rallied Wednesday after Sands signed a $6.25 billion to sell its Vegas properties to private equity firms Apollo Group and VICI Properties.
Patterson Cos. shares slid 3.6% Wednesday, after the maker of dental and animal health products posted better-than-expected earnings for its fiscal third quarter but declined to offer guidance given the continued uncertainty created by the coronavirus pandemic. The company posted a net profit of $48.8 million, or 50 cents a share, for the quarter to Jan.
Melrose Industries PLC on Thursday said that it swung to a 2020 pretax loss as revenue fell, and that it doesn't expect the civil-aerospace market to recover in 2021. The London-listed, turnaround specialist made a pretax loss of 535 million pounds ($746.3 million) compared with a profit GBP106 million in 2019, and a consensus loss of GBP654.1 million, taken from FactSet and based on five analysts' forecasts.
ARK Investment Management LLC's winning bets on disruptive technology companies cemented Cathie Wood's status as Wall Street's hottest fund manager since Peter Lynch or Bill Gross. Now, those gambits threaten to make ARK a high-profile casualty of the recent shift in investor sentiment away from tech stocks and toward cyclical shares tied to an economic upswing.